Business Summary

Tamboran Resources Limited is an Australia-based natural gas company. The Company is focused on shale gas exploration in onshore basins in the Northern Territory of Australia. The Company develops early-stage, unconventional low reservoir carbon dioxide (CO2) natural gas resources within its portfolio, EP 136, EP 143, EP 161 and EP(A) 197, located in the Beetaloo Sub-basin of the Northern Territory. The Company holds a 25% working interest in EP 161, which covers approximately 10,500 square kilometers (km2) and is positioned in the core of the Beetaloo Sub-Basin. EP 161 is located approximately 650 kilometers (km) south of Darwin and can be accessed via the Carpentaria Highway. The Company owns EP 136, EP 143 and EP(A) 197 permits through its subsidiary Sweetpea Petroleum Pty Ltd. EP 136 covers approximately 4,230 km2 and is positioned in the core of the Beetaloo Sub-Basin. The Company owns a 100% working interest and operates EP 136, EP 143 and EP(A) 197.